Enkhtuya

S. Enkhtuya is 48 years old and lives with her husband and two daughters in Uvurkhangai province. She started her own business in 1996 by purchasing a Russian truck “ZIL -130”. Enkhtuya sells firewood and coal in the local market with her husband. For now, she is driving to the countryside to sell goods and in the winter she sells firewood and coal with the assistance of her husband. She is able to pay her daughter's student fees due to her successful business activities.

Enkhtuya is healthy and able to run her business further. Personally speaking, she is a good communicator and a meticulous person. Enkhtuya said: “I will keep running this business until my children get into a profession.” She is requesting 1,000,000 tugrugs (approx. $690 USD) to purchase repair parts for her truck for 200,000 tugrugs and firewood with the rest of 800,000 tugrugs.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.